Company
Federal Reserve Bank of BostonSenior Risk Analyst II
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The Federal Reserve Bank of Boston has an opening for a team-oriented, experienced Senior Risk Analyst II to join the Large Institution Supervision Coordinating Committee (LISCC) Unit as a member of the LISCC Capital Risk and Analysis (CRA) Horizontal Evaluation Team (HET).
The LISCC supervision program is the Federal Reserve’s national supervisory program for the nation’s largest and most systemic financial institutions.
The program is implemented by hundreds of staff from multiple Reserve Banks and the Board of Governors. LISCC Capital Program teams execute supervisory work including the Federal Reserve System’s annual Comprehensive Capital Analysis and Review (CCAR), Horizontal Capital Examination (HCE), other exams, and monitoring and analysis work covering a range of business and financial risk items at large and complex banking organizations.
About the Opportunity
The LISCC CRA HET is seeking an individual to join the Analysis sub-team.
The CRA team is responsible for understanding, identifying trends, and assessing the adequacy of firms’ capital management and planning practices and the contributions and risks posed by the drivers of firms’ capital positions and capital requirements.
- The Analysis sub-team is responsible for developing and maintaining data tools and analysis products that capture LISCC institution capital positions, management targets, limits, and drivers of capital changes in order to provide data-driven support to baseline monitoring, supervisory planning, and examination scoping both within the CRA HET and across LISCC teams;
- supporting identification of capital optimization strategies and other novel capital applications; supporting peer teams’ analytics needs as feasible;
and monitoring and assessing institutions’ model risk management (MRM) practices and contributing to related risk identification supervisory planning efforts in partnership with LISCC Dedicated Supervisory Teams (DSTs) and other HET staff.
This job is eligible for a hybrid schedule with on-site work and up to 25% travel expected.
Essential Duties and Responsibilities :
- Develop and maintain data tools and analysis products that capture LISCC institution capital positions, management targets, limits, and capital change drivers.
- Analyze trends and new issues related to financial performance, RWA, PPNR, and financial risk management practices across LISCC firms.
- Independently create analyses, visualizations, reports, and other resources for team members and program stakeholders.
- Query data from several sources and develops datasets / databases including components of LISCC firms’ financial performance and capital ratio components including RWA and PPNR.
- Participate in CCAR and other examination efforts.
- Maintain continuous monitoring coverage of firms or industries, as required.
- Prepare concise written conclusions and recommendations concerning complex subject matter.
- Develop and maintain collaborative working relationships and networks throughout the LISCC Program including with the dedicated supervisory teams, other horizontal evaluation teams, other Reserve Banks, and the Board of Governors.
- Maintain knowledge of relevant regulations, laws, issues, trends and ongoing developments in the financial services industry.
- Other duties as assigned.
Requirements :
- Master’s degree with a concentration in finance, economics, accounting, or data science is preferred.
- Four or more years of supervisory and / or industry-related experience including financial institution capital planning / management, financial analysis / research, stress testing, and / or regulatory reporting.
- Previous programming and data analysis experience including proficiency in Tableau development and some combination of SQL, Python, and R strongly preferred.
- Familiarity with regulatory reporting, such as Y-14A, Y-14Q, Y-9C and relevant FRS databases strongly preferred.
- Demonstrated experience interpreting financial statements and risk reports to identify and monitor multiple metrics and indicators measuring bank performance.
- Strong communication skills, as evidenced by the ability to write well and communicate effectively to a range of stakeholders.
- Excellent collaboration and interpersonal skills with ability to work well with others across large and diverse teams.
- Demonstrated ability to take ownership of high-priority deliverables and projects and respond to evolving environment and stakeholder needs.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Job Category
Work Shift
First (United States of America)
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